COL: Higher yields to compensate for worse locations
Colonial launched a TOB for Axiare
We recommend Axiare’s shareholders to accept the bid
For Colonial, the deal is dilutive on NAV and valuation.
It contributes with larger yields in exchange for worse locations.
Our Sell recommendation is unchanged.
Inmobiliaria Colonial SOCIMI is engaged in the acquisition, construction, sale, disposal and lease of real estate and related activities, including car garages and parking lots, and the administration and management of real estate properties and land.
Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.